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Scott reviews comments on his vibecession post, exploring when it started, whether it's really about economics or culture, and notably finding that China experiences similar pessimism despite 5-10x income growth, suggesting vibes can be completely divorced from economic reality.
Scott Alexander follows up on his critique of a book about the Baumol effect, presenting data that challenges the book's claims about rising wages driving cost increases in education and healthcare.
Scott Alexander reviews a book attributing rising service costs to the Baumol effect, finding it convincing but raising some concerns about conflicting data and affordability issues.
Read Scott like a free app: tap then Add to Home Screen. Read Scott like a free app: tap then Add app to Home screen. Add Read Scott Alexander to your home screen to read it like an app.